Welcoming disruption amid the rise of fintech
May 14, 2019
Technology's impact on the financial industry is still in its early stages, but its presence is already being felt. Following PayPal’s success twenty years ago, today’s fintech industry is targeting sectors once deemed untouchable, including wealth management, capital lending, personal finance, and even insurance.
Wells Fargo is launching a three-part series on the technology sectors that will impact several pockets of corporate America. The first report is on the burgeoning fintech sector. Fintech’s relationship with industry incumbents is less disruptive than many believe, and the combination of new ideas from startups and the trust, security and scale offered by large banks will ultimately help strengthen the industry going forward.